Laramie, Inc. signed a contract with a service provider for

Laramie, Inc. signed a contract with a service provider for security services at a rate of $260 per month for the period of January through June. Laramie, Inc. will pay the service provider the entire amount at the end of June

The company makes adjusting entries each month. During the month of June, it should record total security expense of $520.
Indicate whether the statement is true or false

ANSWER

FALSE